Instone Real Estate has celebrated the topping-out of 180 condominiums in the first phase of construction at the Luisenpark Quarter in Berlin. The first phases of construction on the site, which will be home to a total of approximately 550 apartments, are scheduled for completion for the end of 2019. More than 90% of the apartments have already been sold. The Luisenpark Quarter will have a car-free courtyard, generously proportioned green spaces, its own childcare facility and underground parking spaces with e-mobility charging stations.
Sebastian Scheel, Permanent Secretary in the Senate Department for Urban Development and Housing: “Against a backdrop of continuing population growth, the Luisenpark Quarter will make an important contribution to the provision of urgently needed living space. Almost 30 years after the fall of the Berlin Wall, this gap at the border of the Mitte and Kreuzberg districts will finally be filled by a lively new quarter.”
Carsten Sellschopf, COO of Instone Real Estate: “The high level of sales confirms the attractiveness of our concept for the quarter. The Luisenpark offers comfortable modern living in a city-centre urban environment. Those qualities are convincing, and also take into account the needs of different age and income groups, for a balanced mix in the quarter. The construction project is proceeding according to schedule.”
